The Central Bank of Kenya (CBK) is likely to slash the country's lending rates further, offering an opportunity for Kenyans to access, among other benefits, cheaper loans, experts have projected. Experts from Goldman Sachs Group Inc.
have projected that the CBK could further slash the base lending rates from the current 10.00 per cent basis to 8.5 per cent. According to the experts, Kenya is likely to ease the rates due to the perceived benefits the country is set to get from improved terms of trade. ''We continue to expect the Central Bank of Kenya to cut its policy rate at consecutive meetings to an 8.5 per cent terminal rate'' from 10 per cent, Goldman Sachs Group Inc.'s Andrew Matheny and Mambuna Njie wrote in a client note.
Central Bank of Kenya Governor Kamau appearing before the National Assembly Finance and National Planning Committee on Tuesday, March 25, 2025.
Photo Parliament of Kenya CBK, in its latest Monetary Policy Committee (MPC) report published on Tuesday, April 8, announced that it had reduced the base lending rate by 75 basis points to 10.00 per cent from 10.75 per cent.
